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Coronavirus

This probably deserves it's own thread until it goes away....hopefully.

Key points:
The number of coronavirus cases in Italy have jumped to over 150
Authorities are struggling to work out how the outbreak started
Smartraveller has raised its advice levels for Japan and South Korea

...Dow bulls may finally be forced to accept the economic reality of the coronavirus outbreak, as Chinese Premier Xi Jinping made an (exceptionally rare) admission that the virus has exposed several shortcomings in his government.

Xi commented that China still does not have the infection spread under control, as he stated,

First, [we must] resolutely curb the spread of epidemic … increase the rate of treatment and cure, and reduce the infection and death rates effectively in Hubei and Wuhan.

His use of the word “crisis” is quite shocking from the famously guarded CCP and is likely to have a negative impact on Wall Street’s nervous mood...

Don't be surprised if there's unrest in China in the near future, especially if Xi Jinping doesn't step down or get booted; he's put the entire world at risk, so everyone else has a target on his head as well.

ASX at Monday's close (AEDT):
The ASX 200 index lost 2.25 per cent, falling back below 7,000 points
The energy sector hit its lowest level since October as crude oil prices fell on concerns the coronavirus outbreak will dent demand
CMC Markets strategist Michael McCarthy says the sell-off has "a lot of the hallmarks of the beginning of a correction"

I’m currently in Singapore staying at the Shangri-la where the first case was found in Singapore. Hotel is at 33% capacity and the fact there is no Chinese nationals in Singapore makes it a ghost town at all the major attractions.
Just went to universal studios and the longest line was 5mins.
The other bonus is Rolex was offering discounts at their story in the casino as there is no Chinese people to buy any luxury goods.
We get our temp checked by staff every morning and they clean the entire hotel every hour.

I’m currently in Singapore staying at the Shangri-la where the first case was found in Singapore. Hotel is at 33% capacity and the fact there is no Chinese nationals in Singapore makes it a ghost town at all the major attractions.
Just went to universal studios and the longest line was 5mins.
The other bonus is Rolex was offering discounts at their story in the casino as there is no Chinese people to buy any luxury goods.
We get our temp checked by staff every morning and they clean the entire hotel every hour.

Gold is the only thing holding up, ETFs are being crushed.
This virus has effected everything, who would book a cruise now ?
Chinese restaurants are empty.
Someone I dislike left for Hong Kong 2 days ago so I guess there's always an upside.